Business
Beyon Selected To Develop Kuwait’s National Fixed Telecom Network Project
Beyon Selected To Develop Kuwait’s National Fixed Telecom Network Project
About this update from Beyon B.s.c
Beyon BSC BAHRAIN:BEYON:BEYON SELECTED BY KUWAIT AUTHORITY FOR PARTNERSHIP PROJECTS (KAPP) AS WINNING INVESTOR FOR KUWAIT’S NATIONAL FIXED TELECOMMUNICATIONS NETWORK DEVELOPMENT PROJECTKAPP WILL HOLD 60% STAKE IN THE PROJECT COMPANYBEYON WILL RETAIN A 40% STAKETOTAL INVESTMENT EXCEEDING $2.8 BILLION OVER LIFETIME OF AGREEMENTONCE PROJECT IS FULLY OPERATIONAL, KAPP WILL IPO A PORTION OF SHARES